Thursday, May 11, 2006

First mobile chip terminal approved in Danmark

See the press release from PBS:Elite 8200 GPRS, which is the name of the approved mobile chip terminal, is sold by LD Betalingssystemer A/S. Using a chip the terminal's transaction time is ten seconds, which is the same level as a magnetic stripe-based transaction.

Actually, those ten seconds is a long wait from a Dutch perspective. In the Netherlands we have an option pre-authorisation meaning that you do the pin-code and stripe thing while the cashier is still checking yout items. So once the amount is known, we only have to key in YES and the transaction is on the way and approved in 2-3 seconds. But for a mobile terminal it's not so bad.